US30|DOW JONES Bearish Direction

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US30

  • Currently the Dow Jones industrial average is at an area of resistance on our trendline and from a weekly point of view, price action seems to be at an area where it has formed a double top.

  • If price action will continue to reject, we can expect a strong bearish move that could send the index down hundreds of points.

  • Also there is a lot of uncertainty regarding the election (which takes place next month) that also supports a bearish move.

Penafian

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